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Gold (XAU/USD) Long Setup: First Swing of the Year Amid NFP WeekI initiated a long position on Gold (XAU/USD) following a retracement to the 0.6 Fibonacci level on the 8-hour timeframe. This setup marks the first swing trade on Gold this year, targeting the $2,680-$2,687 price zone. Gold opened the year on a bullish note, aligning with mid-range technicals. This trade reflects a mid-term outlook, aiming to capitalize on potential momentum driven by this week’s major macroeconomic events, including the Nonfarm Payrolls (NFP) release and the FOMC’s intervention. Fundamentals: The Federal Reserve’s hawkish tone, suggesting a slowdown in interest rate cuts for 2025, is providing upward pressure on US Treasury bond yields. However, these signals are driving flows away from non-yielding assets like Gold. Alongside geopolitical risks and trade war fears, this creates a complex backdrop for Gold. Additionally, the pullback in the US Dollar from its November highs is offering some support for the precious metal. Traders will closely monitor Friday’s NFP report and the December FOMC meeting minutes for further direction. Key bullish themes for metals: • Rising inflation expectations and the Fed’s pause in rate hikes support Gold. • China’s green initiatives boost demand for metals. • Interest rate cuts could provide further upside for Gold. • Stagflation fears increase Gold’s attractiveness as a safe-haven asset. Technicals: • Entry: Positioned after a 0.6 Fibonacci retracement. • Target Zones: $2,680 - $2,687. • Timeframe: 8-hour chart, aligning with the mid-range strategy. • Outlook: Maintaining a close watch on price action, especially with upcoming macro releases that could create volatility. Let’s keep the momentum strong and pay attention to market signals. Stay focused, and as always, pay yourself! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UPWARD channel on ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
2
"Gold Break of Structure (BOS): From the provided chart: 1. **Break of Structure (BOS):** The market recently broke above a key level, indicating bullish momentum. 2. **Support Zone:** Price is currently retesting a demand zone (highlighted in light orange) near 2660, showing signs of a potential bounce. 3. **Target Area:** The purple line at 2676.82 marks the next resistance or target level. A continuation of the bullish trend may aim for this level. 4. **Trade Setup:** The blue arrow suggests a likely move upward if the demand zone holds, confirming the retest. **Conclusion:** Wait for confirmation of support around the current zone (2660-2664) before entering a long trade, with a target of 2676.82. A failure to hold this support could lead to further downside testing.
CAPITALCOM:GOLDLong
by TRADE_CENTER_1
Can the gold bull trend continue? After hitting a high of $2,736, the gold price started a significant downtrend and fell back to a low of $2,537. The key retracement levels for this decline are 0.236 ($2,597), 0.382 ($2,634), 0.5 ($2,663) and 0.618 ($2,693). The price is currently trading around $2,678, which is close to the key 0.618 retracement level, indicating that this is a strong resistance area. Secondly, the market has formed a symmetrical triangle pattern. The blue trend lines mark the upper downward pressure line and the lower support line, respectively, showing that the range of market fluctuations is gradually narrowing. This indicates that the current market is in a consolidation phase and may experience larger fluctuations after the breakthrough direction becomes clear. From the previous trend, we can see that the price experienced two large rebounds and encountered resistance at $2,718 and $2,719 respectively. These points became key short-term highs. However, after several failed breakout attempts, the market returned to a consolidation range, indicating that bulls and bears have not yet reached a consensus. In addition, the green shaded area shows a slowly upward channel pattern with lower support near $2,597 and upper resistance near $2,665. This further strengthens the volatile nature of the market in the short term. Overall, the gold market is currently at a critical position. If the price can effectively break through the upper triangle pressure line (about US$2,710), it may trigger stronger upward momentum and challenge the previous high area. If it falls below the lower channel support (about US$2,590), it may further test lower support levels. In terms of short-term operations, it is recommended that gold try to short at the top of the triangle convergence, 2686-2693 area, and arrange short positions. If it can retreat to below 2660, it will indicate the end of this wave of rise. Long order strategy On the long side, it is recommended to participate in low longs when the support level falls back to 2663-2666 area.
FOREXCOM:XAUUSD
by RonPeter_Trading
1.9 Risk aversion rises, gold is short-term bullishIn the early Asian session on Thursday (January 9), spot gold fluctuated narrowly at a high level and is currently trading at $2,662.59 per ounce. Gold prices hit a nearly four-week high of $2,669.83 per ounce on Wednesday after a weaker-than-expected December private employment report relieved some market participants, who believed that the Federal Reserve might not be so cautious about easing policy this year. Reports on Trump's tariffs also provided safe-haven support for gold prices, but U.S. Treasury yields also rose as a result, and the dollar continued to rise, which made gold bulls cautious. After hitting 2,669, gold prices fell back to around the 2,650 mark and closed at $2,661.46 per ounce. The gold market opened at 2648.4 yesterday morning and then fell back. The daily line reached a low of 2644.9 and then fluctuated and rose. The daily line reached a high of 2670 during the US trading session and then the market was consolidated. The daily line finally closed at 2661.8. The daily line closed with a medium-sized positive line with an upper shadow slightly longer than the lower shadow. If the market falls back to 2652 today, stop loss at 2647, and the target is 2665 and 2670. If it breaks, it will be 2674 and 2680.
TVC:GOLDLong
by AIan_Gold
1
GOLD BULLISH TARGET 2025Based on Elliot Wave analysis, SAXO:XAUUSD Gold is currently in 4th wave of the trend where it has potential to continue moving up to its 5th wave completing it's wave. By using the Fibonacci ratio to measure the upside, it indicates that Gold will probably hit 2858 and 2946 in the future. Taking 3000 as its psychological resistance. Pattern analysis also shows symmetrical triangle pattern where if Gold has successfully breaks the downtrend line of the pattern, this will confirm that the 4th wave is completed and will continue catching upside target of the wave analysis. However, if Gold hits the downtrend line resistance which the area correspondent to the Fair Value Gap (FVG) area and starts to decline making minor correction, I would strongly recommend to find the nearest support to become entry point. Note that 2620 - 2610 is the strong support that Gold will probably not going to break to maintain its bullish pattern. Short term upside Target of SAXO:XAUUSD will be at 2762 as it is the Daily Fair Value Gap (FVG) which is likely for GOLD to hit this area. Gold Bullish Indication points: 1. Elliot wave on 4th wave 2. Symmetrical triangle pattern 3. Strong uptrend 3. Geopolitical tension 4. Expecting another rate cuts in 2025 History repeats itself: Last year on mid of February, Gold started its strong uptrend momentum until today where it has gained more than $700 in price. I would expect upward momentum later next February where it will continue going up until 2nd quarter of the year. Disclaimer!!! Do your own research!!! If you have any comments on my analysis feel free to drop comments below. Hopefully my analysis can be useful for traders around the world.
SAXO:XAUUSDLong
by louisdenirooo
Gold entered into a bearish structureHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSD
by ForexMasters2000
World gold prices may go up even more.Gold held steady after a strong rally in the previous session amid President-elect Donald Trump’s insistence that US interest rates need to be cut further and China’s second consecutive month of gold purchases. Gold’s rally eased slightly after the Institute for Supply Management (ISM) released a report showing rising prices in the service sector. Accordingly, the ISM service sector price index rose sharply from 58.2 points last month to 64.4 points in December. Inflation in the US has recently been forecast to increase again, making the US Federal Reserve (Fed) more cautious with the ongoing interest rate cut cycle. The stronger USD has put pressure on gold. The DXY index jumped from 108.15 points at the same time of the previous session to 109.24 points.
TVC:GOLDShort
by FalCol_TradingMaster
Market analysis, waiting for a breakthroughAfter falling from 2790 to 2536, gold has been running in a contracting triangle pattern with gradually falling highs and gradually rising lows. After nearly two months of consolidation, the current market has reached the end of the triangle. No matter which direction the market breaks in the future, there will be a good unilateral market. Please pay attention to whether the non-agricultural data on Friday and the CPI inflation data next week will form a breakthrough opportunity. Although gold broke through the new high yesterday, it still did not stand firm but fell back and broke the high again. Then the high point did not turn into support and still formed suppression. Gold is expected to form a triple top structure in 1 hour. Gold fell under pressure at 2670 yesterday, waiting for 2670 to continue selling at highs! First support: 2651, second support: 2642, third support: 2626 First resistance: 2669, second resistance: 2676, third resistance: 2685 Operation ideas BUY: 2646-2648, SL: 2637, TP: 2670-2680; SL: 2668-2670, SL: 2679, TP: 2650-2640;
OANDA:XAUUSD
by Jun-GoldAnalyst
Gold is oscillating upward The trend of gold is currently in a typical symmetrical triangle consolidation pattern, and the price is gradually converging, suggesting that a breakthrough may be coming soon. It can be seen from the recent trend that the price of gold has tested the upper downward trend line and the lower upward trend line many times, which shows that the market is currently in a stage of long-short balance, and the direction choice is about to appear. From a technical point of view, the Fibonacci retracement line provides key resistance and support areas: Key resistance: The Fibonacci 0.618 retracement level (2693.69) overlaps with the downward trend line, forming a strong resistance area. Key support: The Fibonacci 0.236 retracement level (2597.38) below and the upward trend line provide strong support. Recently, the price fluctuated within the red parallel channel, indicating that the short-term market momentum is volatile. If the bulls want to take the initiative, they need to break through the horizontal resistance level near 2664.92 above and further break through the 2719 line. If the bears want to push the price down, they need to break through the support around 2615, and the target may be around 2537. Combined with the current situation, the market may continue to fluctuate and consolidate within the channel in the short term. The breakthrough direction needs to be observed in combination with the changes in trading volume. Once a breakthrough is made, it will trigger a strong unilateral market. Investors can patiently wait for the breakthrough signal, operate cautiously, and control risks.
FOREXCOM:XAUUSD
by RonPeter_Trading
1.8 Gold welcomes ADP long-term bullish trendGold market analysis Gold has been volatile these days, washing back and forth without any rules. Judging from yesterday's performance, it is still impossible to determine whether the bulls are coming if the 2665 position is not broken. The daily line closed with a long upper shadow, and the center of the oscillation moved up. Today's idea is to treat it as more oscillation. The weekly line fluctuated for a week last week. This week's estimate will still fluctuate under the influence of data. Today, the ADP estimate is difficult to change the oscillation. We expect the subsequent non-agricultural employment data to lead it to run out of oscillation. Today, we will focus on the oscillation range of 2632-2665. In this range, we will run high and buy low. The current K line is already above the moving average, and gold is more oscillating. The analysis chart above for gold is the rhythm we estimated. The first support of the white plate is near 2640. Last night, we also accurately captured profits at 2642. This position is the support of 4H. There is still more room for the white plate to step back to this position. The stronger one is near 2632. If this position is broken, it may move down again. Support 2632 and 2640, pressure 2665, the strength and weakness dividing line of the market is 2640
TVC:GOLDLong
by AIan_Gold
Gold’s Next Move: Upward Momentum Building at Key SupportGold is reacting exceptionally well to the Fork. It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations. Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside. In my previous post about Gold, I anticipated a rocket-like breakout. Since then, price has simply moved down to the L-MLH, finding support there. This price action, coupled with the ongoing upward pressure, confirms my analysis—albeit slightly delayed. As NQ and S&P approach their respective targets, as outlined in my other analysis, I expect Gold to start moving upward, with targets at the CL and U-MLH.
COMEX:GC1!Long
by Tr8dingN3rd
1
The upward trend will continue, target: 2670-2680Gold affected by bearish PMI data, initially pulled back to the 2642 level before rebounding sharply to a high of 2656. It has since slightly retreated but remains in a consolidation phase overall. While gold's short-term bullish momentum has weakened somewhat, it is unlikely to establish a new downtrend in the near term. Recent pullbacks have consistently preserved the bullish structure, and during the rebound attempts yesterday and today, two long lower wicks have formed on the candlestick charts, signaling strong buying support below. Therefore, gold remains poised to break above the recent high of 2665 after this consolidation phase and extend its rally toward the 2670-2680 zone, or potentially even 2690. Following today’s trading strategy, I entered a long position on gold at 2640 and manually closed it around 2659 to secure profits. Although I missed the opportunity to go long near 2642 after the PMI-driven pullback, I observed the formation of a W-bottom pattern on the 5-minute candlestick chart. This prompted me to re-enter a long position around 2646, and, given gold's current consolidation phase, I promptly closed the position at 2652 to lock in profits. For upcoming trades, the candlestick chart shows an upward bias, and we will continue to prioritize long positions in short-term trading. However, the key support zone to watch has now shifted higher to the 2645-2635 range. Bros, have you followed me and made a profit by going long gold? There will still be opportunities to participate in the long gold trade later. If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin